Suppose the production function is q 20k05 l05 and the, Ask an Expert

Management Studies

Suppose the production function is Q = 20(K^0.5 L^0.5) and the value of capital is 100.

A) Calculate the total product for the following values of labour input: 1, 5, 10, 20, 40, 50, 80, 100, 150, 200.

B) Calculate the average product at each of these levels of output.

C) How does marginal product vary over this range of output?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91703431

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